Zoomed-in view of a colorful nebula

Horizontal space scene with cosmic clouds

Hypernova Fund

Where Capital Meets the Cosmos

Key Investment Themes

Hypernova is backing companies defining 

the future

 of space

Energy Generation

X-energy, Zeno Energy

[1]

Space Debris Management

Orbital cleanup solutions

[2]

Space Infrastructure

Orbital stations, logistics, and long-term mission support

[3]

Propulsion Systems

Advanced engines for satellites and deep space travel

[4]

Space Weather Monitoring

Predicting solar activity to safeguard assets and crewed missions

[5]
Quantum Space logo in all caps

Mission Space logo — square icon and text

Axiom Space logo in geometric sans-serif font

Zeno Engineering logo with vertical bars

Voyager Space logo with V-shaped emblem

Orbitfab logo

Hypernova fund investments

Quantum Space
(2025)
Mission Space
(2025)
Samara Aerospace
(2026)
Juno Propulsion
(2026)
Zephyr Fusion
(2026)
Longshot
(2026)

Previous team investments

SpaceX
(2021)
Axiom Space
(2024)
Zeno Energy
(2025)
X-energy
(2025)
Voyager
(2025)
Orbit Fab
(2025)
Apolink
(2025)

Team

Proven operators, managers and leaders. Access to exclusive deals, deep industry expertise, and a global network

Grigorii Trubkin

Managing Partner

Grigorii Trubkin

Managing Partner

Managing Partner at Hypernova Fund . MIT New Space Economy, Grigorii is a venture capitalist dedicated to accelerating humanity’s transition to a celestial civilization. Formerly Co- Founder New Venture Brokerage , Managing Partner of 1802 Ventures, Head of Business Development at Freedom Finance (Nasdaq : FRHC).

Justine Faith Baity

COO

Justine Faith Baity

COO

Chief Operating Officer at Hypoernova Fund and former Venture Associate at VC Lab. Justine is an operations expert who has supported over 80 emerging managers. Previously a Venture Fellow at Venture University and Senior Client Experience Manager at Assure.

Ivan Turchak

Investment Analyst

Ivan Turchak

Investment Analyst

Investment Analyst at Hypernova Fund and former Head of Digital Assets at Costa Norte & Company and Co-founder of TRK Capital. Ivan specializes in market research, focusing on identifying high-potential opportunities within the space sector.

Alex Malinin

Investment Analyst

Alex Malinin

Investment Analyst

Analyst at Hypernova Fund. An MIPT alumnus with 20 years of spacecraft experience, he has led the engineering and launch of multiple satellites (DX1, Auriga). Previously at Dauria Aerospace, he provides technical due diligence on orbital systems and launch regulations.

Emily Wu

Legal Counsel

Emily Wu

Legal Counsel

Legal Counsel at Hypernova Fund. Partner at Lumia.A Doctor of Law and former Harvard Business School research assistant and OneTraction Impact Ventures advisor, Emily specializes in corporate, securities, and art law, focusing on creative entity structuring and capital raising for international funds and startups.

Captain Stephan Reckie

Advisor

Captain Stephan Reckie

Advisor

Advisor at Hypernova Fund and Executive Director at GEN Space. A Co-Founder of Angelus Funding and USCG Master Captain, Stephan is a seasoned educator and mentor who serves as an Adjunct Professor at Gonzaga University. He leverages his deep expertise in global entrepreneurship and board-level leadership at New Venture Lab to guide the fund’s strategic partnerships and ecosystem development.

Steve Wolfe

Advisor

Steve Wolfe

Advisor

Advisor at Hypernova Fund and President of the Beyond Earth Institute, Steven is a leading authority on space settlement policy and orbital commerce. He serves as Deputy Executive Director of the Global Spaceport Alliance and is a Partner at CWSP International, specializing in global access to the commercial space sector. With decades of experience navigating NASA and congressional policy, Steven provides the fund with unparalleled strategic insight into the regulatory frameworks

Justin Kugler

Advisor

Justin Kugler

Advisor

Advisor at Hypernova Fund and Senior Director of Business Development at Intuitive Machines. A prominent space industrialist, he has led groundbreaking initiatives in on-orbit manufacturing and cislunar infrastructure at Redwire Space and Made In Space. He advises the fund on the viability of dual-use technologies and strategic growth within the burgeoning lunar economy

Where Capital Meets the Cosmos
Where Capital Meets the Cosmos
Where Capital Meets the Cosmos

Why space. Why now

Public & Private Capital

Increasing institutional
and venture investment

Commercial Expansion

Growth in satellite data, space logistics, and resource extraction

Cost Reductions

Cheaper launches and hardware manufacturing

Government contracts ensure stable funding  (NASA, ESA, DoD)

Space remains resilient  despite market fluctuations

WEF projects $1.8T space economy by 2035 (from $630B in 2023)

Investment Focus 
& Selection Criteria

Infrastructure & Core Tech

Propulsion, satellite platforms, in-orbit services

Early-Stage Companies

Seed to Series A, ready for scaling

Strategic Contracts

Secured government or enterprise deals

Experienced Teams

Aerospace and deep-tech expertise

Why Hypernova?

Fund focused

on high-growth

, private space companies. Investing in strategic projects backed by government contracts and private funding. Access to

exclusive deals,

deep industry expertise, and a global network

[1]

Exclusive Access

Curated pipeline of vetted companies.

[2]

Global Network

Partnerships with Axiom, Voyager, Quantum, and top accelerators

[3]

Transparent Structure

Clear investment terms and exit mechanisms

[4]

Risk Management

Diversified portfolio
across 15–20 companies

[5]

Industry Expertise

Deep understanding of space tech and startup scaling

Bright space nebula with glowing blue and orange core

Zoomed-in view of a colorful nebula
Join the Future of Space Investing

Be part of a fund investing in the next SpaceX-level success stories. Back high-growth companies shaping the trillion- dollar space economy

Let’s talk
Arrow icon pointing to the top right corner
Hypernova fund investments

Quantum Space

Company developing spacecraft and services to operate in geosynchronous and cislunar space, focusing on infrastructure between Earth and the Moon

Hypernova fund investments
Hypernova fund investments

Mission Space

Company providing real‑time space weather monitoring and forecasting
to enhance safety and resilience of space missions and infrastructure

Hypernova fund investments
Hypernova fund investments

Samara Aerospace

A startup developing the Hummingbird modular satellite bus and MSAC pointing technology to reduce cost and time of satellite production, launch, and provide ultra‑precise on‑orbit pointing.

Hypernova fund investments
Hypernova fund investments

Juno Propulsion

Developer of rotating detonation rocket engines that offer higher fuel efficiency and power for launches, satellite maneuvering, and deep‑space missions

Hypernova fund investments
Hypernova fund investments

Zephyr Fusion

Energy startup developing an in‑orbit fusion power source based
on a dipole magnetic confinement device tailored for the space environment

Hypernova fund investments
Hypernova fund investments

Longshot

Aerospace startup building a large pneumatic cannon/accelerator for hypersonic testing and, longer term, for launching payloads to orbit without conventional rockets

Hypernova fund investments
Previous team investments

SpaceX

Major private space company developing reusable rockets, crewed spacecraft, and satellite constellations, with a long‑term goal of Mars settlement and lower launch costs

Previous team investments
Previous team investments

Axiom Space

Private company building a commercial space station and developing infrastructure for private crewed missions and modules on the ISS and its successors.

Previous team investments
Previous team investments

Zeno Energy

Company building compact nuclear batteries that recycle nuclear waste into reliable long‑duration power for subsea, space, and remote applications

Previous team investments
Previous team investments

X‑energy

Developer of the Xe‑100 high‑temperature gas‑cooled reactor and TRISO‑X fuel to provide safe, carbon‑free power for future industrial and energy projects

Previous team investments
Previous team investments

Voyager

Space and defense technology company building an ecosystem of subsidiaries to deliver space infrastructure (stations, modules, services) and mission‑critical national security technologies

Previous team investments
Previous team investments

Orbit Fab

Startup building “gas stations in space” with orbital fuel depots, RAFTI refueling ports, and on‑orbit refueling services to extend satellite lifetimes

Previous team investments
Previous team investments

Apolink

Space startup building a LEO satellite relay network to provide real‑time connectivity and reduce communication dead zones for other satellites

Previous team investments